2010 A-133 Report - Finance - University of Michigan

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THE UNIVERSITY OF MICHIGAN Management's Discussion and Analysis (Unaudited)--Continued Capital and Debt Activities One of the critical factors in continuing the quality of the University’s academic, research and clinical programs is the development and renewal of capital assets. The University continues to implement its long-range plan to modernize its complement of older facilities, along with balanced investment in new construction. Capital asset additions totalled $695 million in 2010, as compared to $844 million in 2009. Capital asset additions primarily represent replacement, renovation and new construction of academic, research, clinical, athletic and student residence facilities, as well as significant investments in equipment, including information technology. Current year capital asset additions were primarily funded with net assets and gifts designated for capital purposes of $521 million, as well as debt proceeds of $172 million and state capital appropriations of $2 million. Construction in progress, which totalled $546 million at June 30, 2010 and $786 million at June 30, 2009, includes important new facilities for patient care, research, instruction, athletics and student residential life. At June 30, 2010, construction continues on a new facility for C.S. Mott Children’s Hospital and Von Voigtlander Women’s Hospital to meet increasing patient demand and accommodate future research, education and clinical care innovations. The new state-of-the art facility will further enhance specialty services for newborns, children and pregnant women, not offered anywhere else in Michigan, including programs for Level I pediatric trauma, pediatric liver transplant, and craniofacial anomalies as well as high-risk pregnancy and specialty gynecological services. With a clinic building of nine floors and an inpatient building of twelve floors, the new facility will be approximately 1.1 million square feet. After the new facility is completed in fiscal 2012, the existing C.S. Mott Children’s Hospital and Women’s Hospital will be used to benefit the entire Health System. Construction projects are also underway at the Law School. Legal education has changed considerably since Hutchins Hall, the main classroom and administrative building for the Law School, opened in 1933. Today's law students take a greater number of small classes, interact more with each other and with clients in supervised clinical settings, and draw heavily on technology. Located across Monroe Street and south of the Law Quad, a new four-story academic and administrative building is under construction to meet these needs, as well as provide more space for a student body which has more than doubled since the last time the Law School added classroom space. In addition, the new, two-level Robert B. Aikens Commons will occupy the currently unused grassy area between Hutchins Hall and the Legal Research Building. This structure will include a main floor café and a lower level designed to facilitate student meetings and study groups. This project also includes life safety upgrades to Hutchins Hall and the Cook Library. These projects are scheduled to be completed in fiscal 2012. 8
THE UNIVERSITY OF MICHIGAN Management's Discussion and Analysis (Unaudited)--Continued The renovation of Couzens Residence Hall serves to meet the contemporary and future needs of students, by thoroughly updating the building’s infrastructure while preserving its traditional design. New and reorganized spaces within the facility will revitalize the old residence hall and create spaces for living-learning and academic initiatives, student interaction, and creation of community. The building’s infrastructure will also be thoroughly upgraded, from high-speed network access to renovated bath facilities, accessibility improvements, and new plumbing, heating, cooling, ventilation, fire detection and fire suppression systems. In addition, energy conservation measures will be implemented to improve the energy performance of the overall building. This renovation, scheduled to be completed in Spring 2011, is part of the University’s residential life initiatives and follows deep renovations to Mosher Jordan and Stockwell residence halls in previous years. Expansion and renovation projects completed in 2010 include Brehm Tower, North Quad Residential and Academic Complex, Stockwell Residence Hall and Michigan Stadium. Brehm Tower provides a new state-of-the art eye center that more than doubles capacity for eye care, research and education, as well as provides scientists more space to search for a cure for Type 1 diabetes. This new facility, which is connected to the current Kellogg Eye Center Tower includes eight floors for clinics, surgery and research, serving the growing number of patients who need advanced eye care and access to the latest research discoveries. Large windows and a full wall of glass panels on the building's façade allow natural light to fill the clinics and common space, of particular benefit to patients whose vision is impaired. The Tower’s clinics have space for patient education and comfortable waiting areas designed to aid patient flow. Research areas feature open laboratories to encourage collaboration and provide flexibility as research projects grow. The new facility also houses the Brehm Center for Type 1 Diabetes Research and Analysis, which provides significant opportunities for collaboration among diabetes and vision scientists, particularly on vision loss caused by diabetes. Construction of the first new student residence hall on the Ann Arbor campus in more than 40 years was completed this summer. The North Quad Residential and Academic Complex combines sophisticated classroom and academic space with residence space for 460 students. This results in an environment in which interactions among students and faculty flow from classrooms to hallways to faculty offices to living quarters. The living spaces, like the whole of the project, are designed to facilitate student learning, social and programmatic needs. The academic space will provide classrooms, studios and offices for five information and communications-related university programs. 9
Page 1 and 2: The University of Michigan Reports
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This report is intended solely for
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failures to the National Student Cl
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2010 A-133 Report - Finance - University of Michigan

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